Running a retail business, whether a boutique, specialty store, or e-commerce shop, is about curating products and delighting customers. But managing the business side—legal setup, inventory, and taxes—can pull you away from your passion. With extensive experience in project management, real estate, and financial services, we offer tailored startup services, bookkeeping, and tax planning to help retail owners like you succeed. Our affordable starter plans—incorporation, basic bookkeeping, bank account, and payroll setup—along with our financial services, keeps your store organized, compliant, and profitable.
Startup Services: Building a Strong Retail Business
Retail businesses face challenges like inventory management, sales fluctuations, and online competition. Our startup services are designed for your industry:
- Incorporation: We guide you through forming an LLC or corporation to protect personal assets, crucial for retailers with physical stores or online platforms handling customer transactions.
- Basic bookkeeping: Track sales from in-store purchases, e-commerce platforms (e.g., Shopify), or pop-up events with cloud-based tools tailored for retail cash flow.
- Bank Account Setup: Keep customer payments and vendor expenses separate, simplifying financial management for inventory purchases and shipping costs.
- Payroll Setup: Manage wages for sales staff or warehouse workers with a compliant, easy-to-use payroll system, ideal for boutiques or e-commerce operations.
Bookkeeping: Keep Your Retail Finances in Stock
Retail involves complex financials, from tracking inventory to managing sales tax. Our bookkeeping services, including the basic bookkeeping in our starter plans, keep you organized:
- Track Sales Revenue: Monitor income from in-store, online, or marketplace sales (e.g., Etsy, Amazon), ensuring accurate records across channels.
- Manage Expenses: Categorize costs for inventory, store fixtures, or digital marketing, vital for profitability in competitive markets.
- Real-Time Insights: Access financial data to optimize pricing, manage stock levels, or plan seasonal sales, boosting customer engagement and revenue.
Tax Planning and Preparation: Maximize Retail Savings
Retail businesses have unique tax opportunities, but navigating sales tax and deductions can be complex. Our tax services help you save:
- Leverage Deductions: Claim write-offs for store fixtures, inventory, or advertising, like a boutique owner we helped save $7,500 by deducting a new POS system.
- Handle Sales Tax: Ensure accurate reporting of state and local sales taxes, a must for retail businesses with physical or online sales.
- Stay Compliant: Our integration with basic bookkeeping provides precise records for IRS filings, tailored to cash-basis accounting common in retail.
Why Retail Owners Benefit
- Save Time: Focus on curating products and serving customers, not paperwork. An e-commerce retailer we worked with saved 10 hours a month using our basic bookkeeping to track online sales.
- Stay Compliant: Meet IRS and sales tax regulations, crucial for retailers handling high transaction volumes.
- Grow Your Business: Reinvest tax savings into new inventory, store renovations, or marketing to attract more customers.
Get Started Today
Don’t let administrative tasks stall your retail success. Our affordable starter plans (incorporation, basic bookkeeping, bank account, and payroll setup) and expert bookkeeping and tax services are designed to keep your boutique, specialty store, or e-commerce shop thriving. Contact us for a free consultation or visit our pricing page and start building a business as dynamic as your brand.
Focus on sales, not stress—launch and grow with confidence.